Last update: Jun 6, 2022

How to Buy Mainframe (MFT)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Mainframe. Depending on where you live, you’ll have various trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Mainframe

How to Buy Mainframe – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Mainframe of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Mainframe

Now that you have what you need to buy Mainframe, head over to the market or buy section of the cryptocurrency exchange and buy some MFT.

If the crypto exchange doesn’t have any Mainframe on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Mainframe first), and trade your Ethereum for Mainframe.

Where to Buy Mainframe (MFT)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Mainframe

  1. Sign into the crypto trading platform where you bought Mainframe.
  2. Move your Mainframe to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Mainframe.

 

Crypto trading

How to Buy Mainframe (MFT) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Mainframe in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Mainframe if it’s available. If the exchange doesn’t have Mainframe. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mainframe), and trade your ETH for Mainframe.

Or, if you’d like to know more about the exchanges we like, check our comparison of the places where to buy cryptocurrency in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Mainframe (MFT) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Mainframe in Canada, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Mainframe if it’s available. If the exchange doesn’t have Mainframe. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mainframe), and trade your ETH for Mainframe.

Alternatively, if you want to know more about the exchanges we recommend, look at our comparison of the most secure crypto exchanges in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Mainframe (MFT) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Mainframe in the UK, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Mainframe if it’s available. If the exchange doesn’t have Mainframe. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mainframe), and trade your ETH for Mainframe.

It’s also possible to check out our comparison of the best crypto exchanges in the UK if you’re curious to know more about the exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Mainframe? MFT Rundown

Hifi, formerly Mainframe, is a Lending Protocol that allows anyone with crypto to borrow. Hifi is a bond-like instrument that represents an on-chain obligation and settles at a future date. The tokenized debt can be bought and sold, allowing for fixed-rate, fixed-term lending and borrowing. This is a very important feature in today's decentralized finance system. A ticker symbol change is expected to occur with future iterations of the Hifi Lending Protocol.

Mainframe Token (MFT), is the native utility token used for:

  • Governance votes
  • To ensure safety, the protocol must be secured
  • Reward contributors to the ecosystem

What are the possibilities with the Hifi Lending Protocol?

  • Borrow: Lock collateral into a vault to create fixed-rate, fixed term debt tokens. These debt tokens are easily swapped for liquidity, allowing users leverage long, yield-feet trades or to pursue other strategic trades, without having to sell their collateral tokens.
  • Lend: Get a discount on fixed-rate, fixed term debt tokens They can be redeemed at face value after the term ends, giving lenders a predictable return.
  • Provide liquidity: Earn trading fees by providing liquidity to debt tokens or stablecoins via an Automated Market Maker, (AMM).

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.